Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Down – Here’s Why

Hennes & Mauritz AB (OTCMKTS:HNNMY) gapped down prior to trading on Thursday . The stock had previously closed at $3.99, but opened at $3.77. Hennes & Mauritz shares last traded at $3.80, with a volume of 20,292 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HNNMY shares. Oddo Bhf upgraded Hennes & Mauritz to a “neutral” rating in a research report on Thursday, December 18th. Citigroup upgraded shares of Hennes & Mauritz from a “sell” rating to a “hold” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hennes & Mauritz presently has an average rating of “Hold”.

Hennes & Mauritz Stock Performance

The stock has a 50 day moving average price of $3.78 and a two-hundred day moving average price of $3.36. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.00 and a quick ratio of 0.46. The company has a market capitalization of $27.14 billion, a price-to-earnings ratio of 27.50 and a beta of 1.20.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.